Enrolling in an MBA programme in Supply Chain Management helps you acquire all the essential business competencies required to effectively evaluate, oversee, and enhance the performance of supply chains across various organisations.
This sought-after MBA programme also equips you with the proficiency to comprehend and evaluate the interdependence among the vital functional units of a company and the external entities that contribute to the development, manufacturing, and delivery of products.
The curriculum primarily focuses on imparting fundamental knowledge about transportation, logistics, and distribution management in supply chain operations, which apply to both private and public sectors.
What is Supply Chain Management?
Supply Chain Management involves managing goods from their raw material stage to their final product stage. This process encompasses everything up until the delivery of the final product to the customer. To optimise their organisation’s supply chain, professionals in this field use various techniques such as forecasting, enhancing inventory and transportation efficiency, cost reduction, understanding the flow of goods, and aligning supply chain networks.
Why Pursue Supply Chain Management?
Regardless of their product range – cars, toys, aeroplane parts, t-shirts or toothpaste-all manufacturers rely on a supply chain to function. Effective management of supply chains can result in increased efficiency, reduced costs, improved management of supply and demand, and ultimately higher profits.
Furthermore, Supply Chain Management is a rapidly expanding field with a promising future. As the global supply chain continues to evolve and transform, the demand for professionals with expertise in supply chain management, strategy creation, execution and optimisation will only increase.
Thus, there will be ample opportunities for individuals with relevant education and skills to pursue a fulfilling career in this field. Here are a few reasons why you should opt for an MBA in Supply Chain Management
• Increased Scope
The supply chain encompasses all aspects of a product’s life cycle, including acquisition, distribution, allocation, and delivery. The scope of this field is expanding rapidly due to technological advancements such as Blockchain and Cloud Computing.
As a Supply Chain Professional, your organisation will rely on you to predict market trends, ensure proper staffing, ensure timely delivery of parts, and react swiftly to unexpected issues. You will be an expert in prioritisation and can efficiently execute tasks, ultimately enabling others to perform their roles.
The satisfaction that comes from being a driving force behind a team’s success can be incredibly fulfilling.
• Fast-Growing Industry
Despite the pandemic’s disruptions, supply chain careers have proven to be among the most resilient regarding salaries, job stability, and new opportunities. Moreover, as the global economy gradually recovers, there is an increased demand for raw materials, and warehousing requirements are shifting, making Logistics Management more complex.
This underscores the need for highly skilled Supply Chain Professionals, particularly those who can optimise supply chain performance. As a result, there will be even more opportunities for individuals seeking employment in the Supply Chain industry.
• Improve Soft Skills
Soft skills are crucial in any profession but significant in Supply Chain Management. These skills are just as essential as the formal and technical knowledge required among Supply Chain Professionals, as their role requires them to interact with others extensively.
As a result, as you progress in your supply chain career, you will inevitably improve your soft skills. This will enhance your prospects for internal career advancement and make you a desirable candidate for hiring managers or recruiters should you decide to explore new career opportunities.
• Lucrative Careers
The demand for Supply Chain Professionals is expected to rise due to increasing opportunities in the field. As a result, businesses compete for highly skilled talent, leading to competitive salaries, particularly for leadership roles.
Despite being viewed by some as functional and mundane, supply chain careers can be lucrative. Supply Chain Professionals are well-rewarded, whether motivated by financial returns or career growth.
• Financially Rewarding
The average salary earned by a Supply Chain Manager is around 8,00,000 per annum, which can even hit the 80 Lakhs per annum mark depending on the location and the project you work on.
• Travel Abroad
Certain logistics positions involve frequent overseas travel, primarily work-related activities rather than tourism. Nonetheless, such trips provide numerous prospects for individuals aspiring to enter the international business arena.
Scope of Supply Chain Management
A Supply Chain Management programme is attractive to individuals who are already working professionals as they seek to enhance their professional abilities by pursuing a master’s degree. The popularity of this program stems from the potential it offers and the benefits it provides to working individuals.
The programme’s curriculum facilitates the development of a deeper understanding of the significance of supply chains and enables students to learn about international and domestic markets.
In addition, the training equips individuals with knowledge that empowers them to view things from a new perspective, enhancing their comprehension of the subject matter. Pursuing an MBA in Supply Chain Management also provides the opportunity to learn something new every day, making it a stimulating and dynamic field of study.
With such a breadth of knowledge to explore, students will not find themselves bored or stuck in a routine.
Why Pursue a Distance MBA in Supply Chain Management?
Here’s why you should consider a distance MBA in Supply Chain Management.
There are numerous benefits of pursuing an MBA through distance education, including flexibility. With this approach, you can study at your own pace and schedule without attending physical classrooms. Instead, you can participate in virtual classes from the comfort of your own home.
Compared to a regular MBA degree, pursuing an MBA through distance education is generally more cost-effective, meaning students can save significant money on their education.
• Study Resources
Enrolling in a distance MBA programme provides access to a wealth of study resources, including recorded lectures, eBooks, and audiobooks, supplied by your institute. In addition, you can attend virtual classes via video conferencing, allowing for a more immersive and interactive learning experience. These resources can facilitate in-depth study and learning.
A distance MBA offers a perfect alternative if you need more time to attend regular MBA classes because of work. It allows you the freedom to study at your own pace, offering you an easy way to learn while you earn.
What Will You Learn During the Course?
|Management Theory and Practice
|Essentials of HRM
|Financial Accounting & Analysis
|Information Systems for Managers
|Operations and Supply Chain Strategies
|Advanced Supply Chain Management
|Supply Chain Management
|World Class Operations
|International Logistics & Supply Chain Management
|Business: Ethics, Governance & Risk
|Total Quality Management
|Enterprise Resource Planning
There is a diverse range of titles and roles available to professionals in the field of Supply Chain Management, which can vary depending on their experience, qualifications, and the specific type of organisation they are working for. Some typical roles within Supply Chain Management include:
|Supply Chain Managers
|The role of Supply Chain Managers involves coordinating, organising, and overseeing all aspects of the company’s goods identification, acquisition, production, and distribution.
|SAP Consultants are responsible for developing and implementing SAP systems for business clients. They work closely with clients to identify their specific business needs, create customised SAP solutions, and seamlessly integrate SAP applications into their existing IT infrastructure.
|Supply Chain Specialists
|The role involves coordinating shipments and enhancing supply chain processes for a company or organisation.
|The role of a Procurement Manager involves sourcing products and services for a company. They develop a comprehensive buying strategy that takes into consideration the company’s budget, requirements for necessary supplies, and other relevant factors.
|A Purchasing Manager leads a team that is responsible for procuring goods and services for either resale or for use within the company.
|The role of an Operations Manager involves supervising and managing operational activities across all levels of an organisation.
|Supply Chain Consultants
|A Supply Chain Consultant is a professional who provides guidance and advice to companies and organisations on matters relating to their supply chain.
Job Roles & Salaries
|Supply Chain Manager
|Supply Chain Specialist
|Supply Chain Consultant
Future of the Field
The growing presence of global players in the Indian market, the expanding product range, rapid technological disruptions and digitisation, and shorter product life cycles have contributed to the rise of Supply Chain Management as a crucial aspect of the Indian industrial landscape.
As a result, Supply Chain Management has become the latest trend in India.
Moreover, the diverse range of job opportunities available in the field of Supply Chain Management makes it an attractive career option for young individuals seeking employment. And so, judging from these trends, the future of this field seems promising.
1. What is the course duration of a distance MBA in Supply Chain Management?
MBA in Supply Chain Management course can be completed in 2 years.
2. Is a distance MBA in Supply Chain Management worth it?
Yes, a distance MBA degree in Supply Chain Management is a valuable investment as it can lead to securing high-paying jobs in top firms.
3. What is the job of an MBA in Supply Chain Management?
Typically, individuals holding an MBA in Supply Chain Management are equipped to handle managerial positions in business operations or other supply chain management roles such as Strategic Sourcing Manager, Supply Chain Performance Analyst, and Business Operations Manager.
4. Does an MBA in Supply Chain Management have a scope?
Yes, MBA in Supply Chain Management has a broad scope and is especially popular after the pandemic. Anyone with this degree is bound to get hired by top recruiters like IBM, Wipro etc.
5. Is an MBA in Supply Chain Management difficult?
MBA in Supply Chain Management is relatively easy. The curriculum is streamlined to offer in-depth knowledge to the students in an easy-to-understand way.
Jagpreet is a Digital Marketing Expert and EdTech enthusiast. Having a total experience of over 11 years, he has been working in the Education industry for the past 6 years. Over the years, Jagpreet has mastered multiple trades such as Web Development, SEO, IT, Content Writing, Graphic Designing, etc. He is an extremely tech-savvy individual who loves gaming.